The Humongous Gamble (June 1, 2009)

Consider this obscenely gross and simplistic survey of recent presidents and the economy.

Reagan – pawned the future of the children.  (“Deficits don’t matter.”)

Bush II –  pawned the future of the grandchildren.  (Encouraged deficits and the Debt to grow unchecked.)

O’Bama – pawning the future of the great grandchildren.

The economy and the budgets limped along during the Bush (“Read my lips”) I administration and grew at a promising but unsustainable and unsustained rate during the Clinton administration.  O’Bama genuinely believes that he can pull off the “Great Hat Trick” and rescue the futures of three generations of children by spending federal money and stimulating economic growth.  There is not enough unused productive capacity.  The numbers simply do not add up no matter how you add them.

Bumper sticker of the week:

Watch Inflation Next

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: